BTCUSD to test 11k next? Bitcoin Retrace Update 2

Quick plot to show how 11k might be tested.
We look to be in an ABC retrace per Elliott Waves.
If so, wave C should have 5 sub waves as plotted.

11,077 - 11,097 is likely target and bullish defense of 11k.
10,907 - 10,887 would be a stop hunt under 11k, also possible.
10,800 or under would require rethinking of the structure and fibs.

Part of my ongoing Bitcoin analysis (click):
13k warning (early but valid)
12.4k Break
10.9k retrace
12k Impulse
12k target call <=Perfect TP
14k > 10k retrace
14k target call <=Perfect TP
10k target call <=6 wks ago
8.4k > 5.4k retrace
9.0k > 7.5k retrace
7.5k bounce Call <=Perfect Entry
10k path laid out
3.1k bottom call (the EXACT bottom)

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If this wave 5 of C is to play out

then we should see a sharp drop here soon, for the w3 of 5 of C

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评论:

First target hit, albeit via different path than imagined

Now lets see if it holds or a stop hunt under 11k will take it to the next target ....

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